Panhandle Oil and Gas, Inc. (NYSE:PHX)
The Company is involved in the acquisition, management and development of oil and gas properties, including wells located on the Company's mineral acreage.
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Positive Stock for the next few years
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Energy is one of the long term places to be. I feel that we are 15 to 20 years out from alt energy making significant inroads on oil and gas usage. Barring a global meltdown, oil can only go up from here. Too many people not enough energy.
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The oil and gas industry seems to be making a comeback just in time for summer.
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Insiders are buying. With oil prices going up early next year, I expect PHX to hit $25 by January. Not much growth after that, unless they start bringing in more money. Higher oil prices may do that for them.
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This is an efficient money maker in a sector that is not going to fade away anytime soon.
The big attraction is growth and exemplar profitability, and I don't see anything that argues they can't keep that up.
The price has suffered a mild dip recently, but my bet is that is only temporary.
I'm all in!
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16 employees running this baby reminds me of MCF but without Ken Peak of course and the gains. I believe this will be a easy double though.
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Techicals show upwards momentum...
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Member of the "Mini-Cap Monsters."
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Short term play in a hot sector
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Well managed company in hot sector at a good price.
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Full Time Employees: 18
BUSINESS SUMMARY
Panhandle Oil and Gas, Inc. engages in the acquisition, management, and development of oil and gas properties. Its mineral properties and other oil and gas interests are located in the United States, primarily in Arkansas, Kansas, Oklahoma, New Mexico, and Texas. As of September 30, 2007, the company's proved reserves were approximately 822,824 barrels of oil and 37,005,791 thousand cubic feet of gas. Panhandle also held royalty and/or working interests in 4,306 producing oil or gas wells, as well as in 44 wells that are in the process of being drilled or completed. It sells its crude oil and natural gas to pipeline and marketing companies. The company, formerly known as Panhandle Royalty Company, was founded in 1926 and changed its name to Panhandle Oil and Gas, Inc. in April 2007. Panhandle Oil and Gas, Inc. is based in Oklahoma City, Oklahoma.
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small co. Gas and mineral positive sector. Co mgmt bought shares recently. the stock has only been climbing. Has been positive for yrs. price has started low and has split in the $30 range. Now it is back to the $30. Possible split? Revenue +.I bought at $17 and again at $26.
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Earnings per share .92
Scouter rating 8 of 10
Roi 14.77
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As is obvious If you look at my portfolio, I am very bullish on energy in general and politically safe oil in particular. With BRIC still doing it's thing in support of oil prices and places like Venezuela, Iraq and Iran helping to do the same in their own fashion, I feel that North American oil is the place to be in the energy sector for the foreseeable future.
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Vast mineral holdings are being constantly developed in oil and gas.
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Vast mineral holdings being constantly developed - both oil & gas. They participate in wells, do not operate. They recently started increasing their percent of participation.
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